Core Viewpoint - Pacific Shipping (02343.HK) has announced the signing of four similar contracts for the purchase of four new small handy-sized bulk carriers, with a total consideration of approximately $119 million [1] Group 1: Acquisition Details - The acquisition involves an indirect wholly-owned subsidiary of the company, with the total price expected to be paid from the group's cash reserves and/or bank loans prior to the delivery of the vessels [1] - The expected delivery dates for Vessel 1 and Vessel 2 are in the first quarter of 2028, while Vessel 3 and Vessel 4 are expected to be delivered in the second quarter of 2028 [1] Group 2: Vessel Specifications and Market Context - The new vessels feature the latest energy-efficient designs, open hatch covers, and the capability to carry logs, providing stronger cargo capacity and flexibility compared to earlier standard designs [1] - The design improvements also enhance fuel efficiency, allowing these new vessels to replace earlier single-fuel designs [1] - In the current market environment, the specifications, contracting timeline, and agreed price for these newbuild vessels are considered highly attractive [1]